New Delhi: Prime Minister Modi-led govt is presenting its most closely watched Budget 2021 here on Monday.
— PIB India (@PIB_India) February 1, 2021
The Budget 2021 has been tasked to get India back on track as the world’s fastest-growing major economy by boosting spending on job-creation and rural development while fighting back the coronavirus.
Finance Minister @nsitharaman, MoS Finance & Corporate Affairs @ianuragthakur, and senior officials of the Ministry of Finance, called on President Kovind at Rashtrapati Bhavan before presenting the Union Budget 2021-22. pic.twitter.com/FUNptDXnHB
— President of India (@rashtrapatibhvn) February 1, 2021
Finance Minister Nirmala Sitharaman said that the Budget 2021 would be ‘unlike anything seen so far.’ FM Nirmala Sitharaman’s Budget speech started at 11 am in New Delhi.
As the Indian economy recovers from the blow from the COVID pandemic, Union Finance Minister Nirmala Sitharaman will presented the annual budget for FY 21-22.
She is using a ‘made in India’ tablet computer to deliver a paperless Budget address. This Budget assumes greater significance as it comes amid the novel coronavirus pandemic, which has led to massive economic disruption in India
Union Budget 2021: Budget proposals rest on 6 pillars, says FM Sitharaman
Budget proposals rest on 6 pillars, namely :
- Health & well-being
- Physical & financial capital & infrastructure
- Inclusive development for aspirational India
- Reinvigorating human capital
- Innovation & R&D
- Minimum Govt and Maximum Governance
Government has committed ₹1.97 lakh crore for PLI schemes covering 13 sectors. Further 7 textile parks will be launched over three years. Urban Swachh Bharat 2.0 Mission to be launched at outlay of ₹1.41 lakh crore over 5 years says FM Sitharaman.
Finance minister Nirmala Sitharaman announced ₹35,000 crore for Covid-19 vaccines. 2,83,846 lakh crore for health and wellness sector which also includes ₹35,000 crore for Covid-19 vaccines.
Voluntary scrapping policy announced based on fitness test — 20 years in a personal vehicle and 15 years for the commercial vehicle.
We introduce the Aatmanirbhar Health Yojana with an outlay of ₹64,180 crore over six years. This will strengthen the National Centre for Disease Control. Besides this, the government will also set up 15 Health Emergency Centres.
We will be providing over Rs 2 lakh crore to states and autonomous bodies for their capital expenditure. We will also work out specific mechanisms to nudge states to spend more of their budget on creation of infrastructure.#AatmanirbharBharatKaBudget pic.twitter.com/ol4sCYbyBX
— Bandi Sanjay Kumar (@bandisanjay_bjp) February 1, 2021
Budget 2021: The ‘1 Nation 1 Ration Card’ plan is under implementation by 32 States & UTs. The Centre will lauch a portal to collect data on migrant workers. Further, social security benefits will be extended to platform and gig workers. Minimum wages will apply to all categories of workers.